USDJPY Weekly Analysis – Sunday, August 19


USDJPY broke below the falling trend line on the daily chart and is now in the downtrend from 113.17.

A further decline could be expected in a couple of days and the next target would be at the 108.00 area. Resistance is at 111.50 and 113.17, only a break above these levels could trigger another rise towards 115.50 resistance.

USDJPY daily chart

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